Housebuilders and domestically-focused stocks hit by fears of hard Brexit October 10, 2016 The aftershocks of sterling's flash crash last week are still being felt in the City with domestic stocks suffering in trading today. When markets opened in Asia on Friday, the pound fell six per cent in two minutes, a plunge thought to have been caused by automatic trading systems responding to comments by French President Francois [...]
New homes on sale in London: from riverside homes in Woolwich to an old furniture factory in Hackney October 7, 2016 Royal Arsenal Riverside, Woolwich From £422,500 The first homes with a view of the river are on sale at Berkeley Homes’ new scheme. The 20-storey building also overlook a new four-acre Waterside Park that connects Woolwich Town centre to the river path. In total, there are 266 studio to three bedroom flats on sale at [...]
Why your investments might be promising something too good to be true October 4, 2016 Investors usually wouldn't turn their nose up at a bumper dividend payout, but research out today has warned many FTSE 100 companies might be promising more than they can deliver. Nearly half (48) of FTSE 100 firms have planned for dividends which are more than two times their forecast earnings for 2016, which AJ Bell [...]
Housebuilder shares on the road to recovery after Brexit vote falls October 4, 2016 Housebuilders' shares are on the road to recovering the losses they sustained after the Brexit vote on the back of chancellor Philip Hammond's announcement of a £5bn stimulus package for the industry. Hammond said yesterday that he would be setting aside money to encourage developers to build on surplus public land and to fund more [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry October 3, 2016 Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
Playing at home: Barratt plans Upton Park housing overhaul September 20, 2016 Upton Park, the former home of football team West Ham United, is set to be made in to 842 new homes in the London Borough of Newham. Residential property developer Barratt London has taken on the project and plans to rename the area Upton Gardens. The plans include 211 so-called affordable homes. Read more: West Ham's Karren [...]
Galliford Try’s share price jumps as it raises dividend September 14, 2016 Housebuilder Galliford Try's share price jumped six per cent this morning after the company said it would be raising its dividend. In its annual statement for the year ending 30 June, Galliford Try said it would be raising its dividend by 21 per cent to 82p per share. The housebuilder posted record profits of £1.35bn [...]
House price growth slowdown is happening faster than analysts expected September 7, 2016 House prices in the three months to August this year were 6.9 per cent higher than in the same three months of last year – the slowest rate of growth for almost three years. The annual rate of growth slowed from 8.4 per cent in July, continuing the downward trend since March when the annual rate reached [...]
Barratt Developments defies Brexit doomsayers with “confident” outlook September 7, 2016 The figures Barratt Developments' completions swelled by 5.3 per cent to 17,319 homes in the year ended 30 June, meaning it delivered completion volumes for eight years. This helped the housebuilder's pre-tax profit jump 20.7 per cent to a record £682.3m during this period, up from £565.5m a year earlier. The company also significantly strengthened its balance sheet, with Barratt's cash [...]
Housebuilders’ share prices rise as the big-hitters brave the Brexit storm September 6, 2016 Housebuilders were some of the top risers this morning after big-hitter Berkeley Group said it would meet its £2bn profit target and Redrow posted record results. At time of writing, Berkeley Group was leading the FTSE 100 risers, as its share price was up 3.72 per cent. Redrow's share price was up 7.26 per cent. Taylor Wimpey and Barratt [...]